Form IA & IB

FORM – IA

FORM OF REPLY TO THE FOREMAN FOR THE COMPLIANCE OF HIS REQUEST FILED IN FORM – I 

FROM 

OFFICE OF THE REGISTRAR OF CHITS, 

____________________________________

____________________________________

TO 

The Foreman

______________________________________

______________________________________

           I hereby acknowledge the receipt of the form of application filed by you (Foreman) ______________for obtaining previous sanction to commence or conduct a Chit. Your request can be complied with and the order of prior sanction will be issued to you on_____________. His request cannot be complied with for the reasons_____________________ which are contravene a provision of __________________Appeal under section _____________lies with __________within 30 days from the date of receipt of this order.

(Seal)                                                                                                                  Signature of the Registrar of Chits                                                                                                                                                  with date. 

 FORM – IB

 (See Section 4)

            After careful examination of the Form-I, dated ________________and also the connected records submitted by M/s.______________ , the undersigned in exercise of the powers conferred on him / her under Section 4 of the Chit Funds Act, 1982 read with Notification No. ___________hereby issues the “PREVIOUS SANCTION” for the Chit, the details of which are given below: 

Name of the Foreman : 

Chit Amount :

Installment Amount (without dividend and any other deductions allowed) : 

No. of Installments :

No. of Tickets : 

The previous sanction issued in this order shall lapse if the chit is not registered within 12 months from this day

Place : 

Date :                                                                                                                                         Registrar of Chits